Required information [The following information applies to the questions displayed below.] At year-end December 31, Chan Company estimates its bad debts as 0.90% of its annual credit sales of $894000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $447 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare Chan's journal entries to record the transactions of December 31, February 1, and June 5 View transaction list Journal entry worksheet Record the cash received on account. Note: Enter debits before credits. Date General Journal Debit Credit Jun 05 Record entry lear entry View general journal